Halftime Report Trading Tech's Troubles 2/26/26
4 snips
Feb 26, 2026 
Rob Seachin, an investment committee member offering market perspective and sector positions, and Stephanie Link, an equity portfolio manager focused on fundamentals and cash flow. They debate NVIDIA’s post-earnings price action and AI vs fundamentals. They discuss software disruption fears, hyperscaler capex, where to invest in the AI buildout like power and infrastructure, and recent portfolio trims and buys.
AI Snips
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Transcript
Episode notes
Good AI Results Can Trigger Bad Sentiment
- Strong AI headlines can still trigger negative sentiment even after excellent fundamentals.
- Rob Seachin: positive earnings can see poor price action because the market is 'trading out of AI' sentiment right now.
Trim Winners After Big Runs And Cashflow Concerns
- Take profits or trim positions when a stock has doubled from lows and fundamentals are priced in.
- Stephanie Link trimmed Amazon because it's up ~98% since April and free cash flow is negative amid huge CapEx.
Hyperscalers Racing To Build Before Political Pushback
- Hyperscalers are aggressively front-loading data center CapEx partly for strategic and political reasons.
- Josh Brown and Malcolm Etheridge: companies are rushing to break ground before potential regulatory or local-election pushback limits builds.